Other OTC:TBTC
Table Trac Announces Second Quarter 2022 Results
MINNETONKA, Minn., Aug. 11, 2022 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the quarter ending June 30, 2022.
The 10-Q can be found @ http://www.sec.gov
Second Quarter Highlights
- The Company installed six systems at new locations, increased the number games at a current customer and our distributors expanded current locations and installed our system in over 40 new locations during the quarter.
- The Company installed a record number of games during Q2 2022
- The Company had seven customer contracts and one current customer expansion in backlog as of June 30, 2022 that are scheduled for installation before the end of the year.
Financial Results
Revenue for the second quarter of 2022 was $2,459,014 compared to revenue of $1,447,046 in 2021, an increase of approximately $1,012,000.
As of June 30, 2021 the company had a balance of $1,525,391, as a result of contract installations, which did not meet the revenue recognition collectability criterion. Based on management’s collectability review, this amount was not included in accounts receivable and revenue was only recognized as payments were received. During Q1 of 2022, based on management’s ongoing collectability assessment, $1,079,000 of this balance was determined to be collectable and was subsequently reported as revenue and included into accounts receivable. During the three months ended June 30, 2022, $2,829,200 for systems installed under contract have not been recorded as revenue or included in accounts receivable based on the collectability assessment performed by the Company. A change in the collectability assessment in a future period may allow the Company to recognize revenue prior to collecting cash.
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended June 30, 2022 and 2021:
| For the Three Months Ended | |||||||
| June 30, | |||||||
| 2022 | 2021 | ||||||
| Basic and diluted earnings per share calculation: | |||||||
| Net income to common stockholders | $ | (242,324 | ) | $ | 153,635 | ||
| Weighted average number of common shares outstanding – basic | 4,521,988 | 4,511,988 | |||||
| Basic net income per share | $ | (0.05 | ) | $ | 0.03 | ||
| Weighted average number of common shares outstanding – diluted | 4,521,988 | 4,522,075 | |||||
| Diluted net income per share | $ | (0.05 | ) | $ | 0.03 | ||
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the six months ended June 30, 2022 and 2021:
| For the Six Months Ended | ||||||
| June 30, | ||||||
| 2022 | 2021 | |||||
| Basic and diluted earnings per share calculation: | ||||||
| Net income to common stockholders | $ | 1,019,516 | $ | 769,641 | ||
| Weighted average number of common shares outstanding – basic | 4,521,988 | 4,506,361 | ||||
| Basic net income per share | $ | 0.23 | $ | 0.17 | ||
| Weighted average number of common shares outstanding – diluted | 4,548,449 | 4,521,711 | ||||
| Diluted net income per share | $ | 0.22 | $ | 0.17 | ||
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. designs, develops and sells casino information and management systems. The company has systems installed in North, South, and Central America, as well as Australia and the Caribbean. More information is available at http://www.tabletrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
For more information:
Robert Siqveland
Table Trac, Inc.
952-548-8877
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MINNETONKA, Minn., May 13, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), a developer and provider of casino information and management systems that automate and monitor the operations of casinos, announced financial results for the three months ending March 31, 2025.
The 10-Q can be found @ http://www.sec.gov
First Quarter 2025 Highlights
- The Company installed five systems at new customer locations and expanded the services at three of our existing customers.
- The Company had two customers with system contracts in backlog as of March 31, 2025. The company anticipates that all of these contracts will be installed during the second quarter of 2025. As of the filing date of this report, the Company signed two new contracts.
First Quarter 2025 Financial Results
- System revenue increased from $305k in 2024 to approximately $1.56M in 2025.
- Maintenance revenues increased from $1.3M in 2024 to approximately $1.5M in 2025.
- Other income increased 6.7% qtr. vs qtr.
The following table provides a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share for the three months ended March 31, 2025 and 2024:
| For the Three Months Ended | ||||||
| March 31, | ||||||
| 2025 | 2024 | |||||
| Basic and diluted earnings per share calculation: | ||||||
| Net income | $ | 782,239 | $ | 11,661 | ||
| Weighted average number of common shares outstanding – basic | 4,576,669 | 4,574,365 | ||||
| Basic net income per share | $ | 0.17 | $ | 0.00 | ||
| Weighted average number of common shares outstanding – diluted | 4,652,073 | 4,601,471 | ||||
| Diluted net income per share | $ | 0.17 | $ | 0.00 | ||
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions, and provide vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with on-going support and maintenance contracts in over 115 casino operators in over 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features, and ancillary products. More information is available at http://www.casinotrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
For more information:
Randy Gilbert, CFO
Table Trac, Inc.
952-548-8877
MINNETONKA, Minn., May 06, 2025 (GLOBE NEWSWIRE) — On May 5, 2025, The Board of Directors of Table Trac Inc. (the “Company”) (OTCQX: TBTC) approved a cash dividend on the Company’s common stock of $0.02 per share. The dividend is payable on June 13, 2025, to shareholders of record at the close of business on May 30, 2025.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable, and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions, and provide vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry.
Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with on-going support and maintenance contracts in over 115 casino operators in over 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features, and ancillary products. More information is available at http://www.tabletrac.com/.
Forward Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
For more information:
Randy Gilbert
Table Trac, Inc.
952-548-8877
MINNETONKA, MINN., March 26, 2025 (GLOBE NEWSWIRE) — Table Trac, Inc. (OTCQX: TBTC), doing business as CasinoTrac, a global Casino Management System manufacturer, today announced it had entered a strategic partnership with InfiGifts, the leading provider of gifting technology to the gaming industry, to deliver integrated gifting solutions to more than 300 CasinoTrac customers around the world. The integration work was rapidly completed and is available for installation as early as April 2025.
“We are thrilled to partner with CasinoTrac to bring our innovative gifting platform to more gaming operators,” said Azam Husain, CEO of InfiGifts. “This collaboration enables casinos to modernize their promotional programs with a seamless, cost-effective solution that delivers value to both players and operators.”
“This project represents one more tool for our customers to leverage in the daily battles they face in the hyper-competitive, sophisticated markets in which they operate,” said Chad Hoehne, President & CEO of CasinoTrac. “The integration with InfiGifts is an elegant example of our founding principles: our software is designed to support our customer practices, not dictate procedure.”
Whether a player uses the InfiGifts platform via a CasinoTrac kiosk or the KTMobile application, the integration facilitates a range of promotional strategies, including monthly gifting, points shopping, and VIP gifting. By removing common operational inefficiencies, InfiGifts enables casinos to streamline their gifting processes, resulting in significant cost savings. Players benefit from a smoother experience by choosing personalized gift rewards linked to their player value, free from the hassle of long lines or out-of-stock issues.
About Table Trac, Inc.
Founded in 1995, Table Trac, Inc. develops, sells and leases information and management systems and provides technical support to casinos. The open architecture of CasinoTrac is designed to provide operators with a secure, scalable and flexible system that interconnects and operates with most third-party software and hardware. Key products and services include modules that drive player tracking programs, kiosk promotions and vault and cage controls. The Company’s systems are designed to meet strict auditing, accounting and regulatory requirements applicable to the gaming industry. Additionally, the Company has developed a patented, real-time system that automates and monitors the operations of casino gaming tables.
The Company’s suite of management systems and kiosks are installed with ongoing support and maintenance contracts with 115 casino owner-operators in 300 casinos worldwide. The Company continues to increase its market share by expanding its product offerings to include new system features and ancillary products. More information is available at https://www.CasinoTrac.com/.
Forward-Looking Statements
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company’s filings with the Securities and Exchange Commission.
Media/Sales contact:
Jeff Baldi
[email protected]
702-521-0317
Investor Relations contact:
Randy Gilbert
[email protected]
952-548-8877
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